Gold Resource (GORO) Affirms Record Q3 Production Outlook; In-Line with FY11 Targets
Tweet
Share
E-mailGet Alerts GORO Hot Sheet
Price: $3.00 +6.01%
Financial Fact:
Total costs and expenses: 2.91M
Today's EPS Names:
EDXC, BICX, FBPI, More
Financial Fact:
Total costs and expenses: 2.91M
Today's EPS Names:
EDXC, BICX, FBPI, More
Join SI Premium – FREE
Gold Resource Corp. (AMEX: GORO) confirms its record production forecast for the third quarter ended September 30, 2011 with preliminary production results of approximately 25,200 ounces precious metal gold equivalent (AuEq), which is the highest number of quarterly ounces produced to date and is approximately an 87% increase from the previous quarter. Gold Resource Corporation is a low-cost gold producer with operations in the southern state of Oaxaca, Mexico.
Gold Resource Corporation's 87% production increase keeps it in line with the current annual target of 60,000 to 70,000 ounces AuEq for 2011. The level of production during the third quarter represents a current annual run rate of over 100,000 AuEq ounces. Continued mill optimization of metallurgical recovery and increasing average head grades from the Arista Mine contributed to these record production levels.
Gold Resource Corporation's 87% production increase keeps it in line with the current annual target of 60,000 to 70,000 ounces AuEq for 2011. The level of production during the third quarter represents a current annual run rate of over 100,000 AuEq ounces. Continued mill optimization of metallurgical recovery and increasing average head grades from the Arista Mine contributed to these record production levels.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Getty Realty discloses separation terms for departing accounting officer
- Blue Moon Metals cleared to build at Nevada tungsten project
- Simmons Bank chief data officer Lisa Hunter to retire
Create E-mail Alert Related Categories
Corporate News, GuidanceSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
